AML Analyst📣 Job Ad

About the Role

Tamweel Aloula is seeking a dedicated AML Analyst to join its team in Dhahran, Eastern Province, Saudi Arabia. This full-time position is essential for maintaining the integrity of the financial system by ensuring robust Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) frameworks. The role involves implementing and maintaining compliance with SAMA regulations, conducting thorough investigations, and proactively identifying and mitigating financial crime risks. The ideal candidate will be committed to protecting the financial system through effective compliance, risk management, and financial crime prevention, contributing to Tamweel Aloula's mission of maintaining a secure and trustworthy financial environment.

Key Responsibilities

• Implement and manage AML/CTF programs to ensure strict adherence to SAMA regulations and other applicable regulatory requirements.
• Conduct comprehensive AML investigations, meticulously reviewing suspicious activities and preparing detailed Suspicious Transaction Reports (STRs) as required.
• Monitor customer transactions and business relationships to proactively identify unusual patterns or potentially suspicious activities.
• Perform ongoing Know Your Customer (KYC) reviews and customer due diligence (CDD) assessments to guarantee continuous regulatory compliance.
• Screen individuals and entities against local and international sanctions lists, escalating potential matches in accordance with established regulatory procedures.
• Conduct on-site reviews and compliance visits across various departments and branches to assess the effectiveness of AML/CTF controls and identify areas for improvement.
• Prepare regular AML reports, internal control assessments, surveys, and necessary regulatory submissions.
• Support the enhancement of AML governance structures, risk management practices, and internal control frameworks within the organization.

Qualifications and Requirements

• Bachelor's Degree in Business Administration.
• Completion of professional training specifically focused on SAMA rules and regulations.
• 2-4 years of relevant AML experience within financial institutions operating in Saudi Arabia.

Required Skills

• Proficiency in implementing and managing AML/CTF Programs.
• In-depth knowledge of SAMA Regulations.
• Expertise in conducting AML Investigations.
• Experience in preparing Suspicious Transaction Reports (STRs).
• Skilled in performing KYC Reviews and Customer Due Diligence.
• Competency in Sanctions Lists Screening.
• Understanding of AML Governance principles.
• Strong capabilities in Risk Management.
• Commitment to Financial Crime Prevention.

Work Environment and Details

This is a full-time position based in Dhahran, Eastern Province, Saudi Arabia. The role requires 2-5 years of relevant experience.